,i  #aafth ,,congress  #b;d ,session    
,h4 ,r4 #hfic  ,,in ,,the ,,house ,,of  
,,representatives  ,october #bg1        
#bjbj,mr4 ,khanna 7for himself1 ,mr4    
,himes1 ,mr4 ,ryan1 ,ms4 ,jayapal1 ,ms4 
,del,bene1 ,mr4 ,thompson of            
,mississippi1 ,mr4 ,soto1 ,mr4 ,evans1  
and ,ms4 ,barragn7 introduced the       
following bill2 which was referred to   
the ,committee on ,education and ,labor1
 and in addition to the ,committees on  
,oversight and ,reform1 ,ways and       
,means1 ,financial ,services1           
,transportation and ,infrastructure1    
,science1 ,space1 and ,technology1 and  
,energy and ,commerce1 for a period to  
be subsequently determined by the       
,speaker1 in each case for consideration
 of such provisions as fall within the  
jurisdiction of the committee concerned 
,a ,,bill  ,to establish an independent 
agency in the executive branch to be    
known as the ,federal ,institute of     
,technology1 and for other purposes4    
#a4 ,short title ,this ,act may be cited

 as the #bast ,century ,jobs ,act4  #b4 
,findings and sense of ,congress  7a7   
,findings ,congress finds the following3
 7#a7 ,in the year #bjah1 funding for   
research and development in science and 
technology in the ,united ,states was   
#abd4g billion1 or approximately #j4f   
percent of the gross domestic product4  
7#b7 ,in the year #aifd1 the ,united    
,states spent approximately #b percent  
of gross domestic product on research   
and development in science and          
technology4  7#c7 ,public funding for   
research and development in science and 
technology financed a majority of the   
innovations that powered growth in the  
,united ,states after ,world ,war ,,ii1 
including digital computing and modern  
pharmaceutical science4  7#d7 ,the      
,united ,states currently ranks ninth in
 the world for total percentage of gross
 domestic product used for research and 
development in science and technology   
and twelfth in the world for public     
funding for research and development in 

science and technology4  7#e7 ,funding  
for research and development in science 
and technology is concentrated in a     
small number of geographic regions in   
the ,united ,states4  7#f7 ,established 
technology centers that promote research
 and development in science and         
technology are extremely crowded1 have  
high real estate costs1 and are in      
locations that require long commutes for
 many of the researchers at such        
centers4  7#g7 ,the private sector has a
 limited ability or desire to invest    
outside of such centers1 which limits   
the potential for growth in science and 
technology1 including the availability  
of employment opportunities in such     
industries4  7#h7 ,increasing public    
funding for research and development in 
science and technology to #a percent of 
the gross domestic product would        
significantly increase the rank of the  
,united ,states with respect to funding 
for such research and development among 
developed countries4  7b7 ,sense of     

,congress ,it is the sense of the       
,congress that amounts provided through 
this ,act will be used-- 7#a7 in a      
manner that is similar to               
breakthrough-focused1 project management
 models of the ,defense ,advanced       
,research ,projects ,agency of the      
,department of ,defense2 and  7#b7 to   
supplement existing funding to ,federal 
agencies4  #c4 ,the ,federal ,institute 
of ,technology  7a7 ,establishment      
,there is established in the executive  
branch of the ,government an independent
 agency to be known as the ,federal     
,institute of ,technology 7in this      
section referred to as the ,institute74 
7b7 ,headquarters ,the ,institute shall 
be headquartered in the ,district of    
,columbia4  7c7 ,board of ,directors    
7#a7 ,in general ,the ,institute shall  
have a ,board of ,directors 7in this    
section referred to as the ,board74     
7#b7 ,duties of the ,board ,the duties  
of the ,board shall include the         
following3 7,a7 ,not later than #b years

 after the date of the enactment of this
 section1 establish a minimum of #aj    
local boards in accordance with         
subsection 7d71 including-- 7i7         
appointing the members of each local    
board with consideration given to the   
recommendations provided pursuant to    
subsection 7d77#a77;,a77iii72  7ii7     
providing funding to local boards to    
support the local boards in achieving   
the duties under subsection 7d77#c7 and 
to carry out the comprehensive strategy 
under subsection 7d77#b71 including     
funds from amounts in the private       
endowment established under subsection  
7e72 and  7iii7 annually evaluate the   
effectiveness of each local board based 
on the requirements developed pursuant  
to subsection 7d77#a77;,d74  7,b7       
,provide funds to ,federal1 ,state1 and 
local agencies to support programs and  
research in the qualified subjects1     
including programs and research in      
certain technology sectors4  7#c7 ,local
 board limitation ,the ,board may       

establish-- 7,a7 not more than #cj local
 boards in the #aj-year period after the
 date of the enactment of this ,act2 and
  7,b7 not more than #c local boards    
each fiscal year during such period4    
7#d7 ,new local board applications ,the 
,board may consider new applications on 
an annual basis each fiscal year for the
 #aj-year period after the date of the  
enactment of this ,act1 and every #c    
years thereafter4  7#e7 ,members2 chair 
,the ,president shall-- 7,a7 appoint #e 
members of the ,board by and with the   
advice and consent of the ,senate2 and  
7,b7 designate a ,chair from among the  
members4  7#f7 ,terms  7,a7 ,length     
,each ,board member shall be appointed  
for a term of #e years4  7,b7 ,amount   
,each ,board member shall not serve more
 than #b terms4  7#g7 ,vacancy ,a       
vacancy on the ,board shall be filled in
 the manner in which the original       
appointment was made4  7#h7 ,basic pay  
,to the extent or in the amounts        
provided in advance in appropriation    

,acts1 members shall each be paid at a  
rate not to exceed the rate of basic pay
 for level ,,ii of the ,executive       
,schedule4  7d7 ,local boards  7#a7     
,applications  7,a7 ,in general ,in     
establishing local boards pursuant to   
subsection 7c77#a77;,a71 the ,board     
shall consider applications on a        
competitive basis from ,state and local 
governments1 which shall include the    
following3 7i7 ,the location of the     
local board1 which must be in a covered 
region that-- 7,i7 possesses relevant   
assets for the development of           
technology2 and  7,,ii7 does not possess
 a leading technology center4  7ii7 ,a  
comprehensive strategy described under  
paragraph 7#b74  7iii7 ,a recommendation
 of individuals to be appointed to the  
local board4  7,b7 ,duration period     
,each grant under this section shall be 
made for a period of #aj years1 provided
 that the local board that receives such
 grant meets the requirements developed 
pursuant to subparagraph 7,c74  7,c7    

,requirements ,the ,board shall develop 
requirements for each local board based 
on the comprehensive strategy of each   
such local board4  7#b7 ,comprehensive  
strategy ,each local board shall submit 
to the ,board a comprehensive strategy  
that includes the following3 7,a7 ,a    
technology development plan1 including  
the focus of the local board and        
existing advantages for the development 
of a hub in the covered region of the   
local board4  7,b7 ,a spending plan1    
including an outline of the use of funds
 based on the duties of the local board 
under paragraph 7#c74  7,c7 ,a plan to  
address infrastructure barriers to the  
development of a hub1 including-- 7i7   
the development of data infrastructure2 
7ii7 remediation of environmentally     
damaged sites2  7iii7 the development of
 buildings1 labs1 roads1 and bridges2   
and  7iv7 improvements to airports1     
train stations1 and other forms of      
public transit4  7,d7 ,a higher         
education improvement plan1 including-- 

7i7 hiring faculty2  7ii7 supporting    
students2 and  7iii7 partnering with    
institutions of higher education4  7,e7 
,a primary and secondary education      
improvement plan1 including-- 7i7 an    
outline with respect to educating       
students in science1 technology1        
engineering1 and mathematics through the
 use of ,federal resources2 and  7ii7 an
 evidence-based program to overcome     
existing barriers to student achievement
 in the covered region4  7,f7 ,a career 
placement plan based on the duties of   
the local board under paragraph 7#c74   
7,g7 ,a plan to improve access to       
capital for local businesses4  7,h7 ,a  
sustainable growth plan that-- 7i7      
ensures housing remains affordable in   
the covered region2 and  7ii7 addresses 
environmentally damaged areas in the    
covered region4  7#c7 ,duties of the    
local board ,each local board shall--   
7,a7 establish a hub and oversee the    
activities of such hub2  7,b7 make      
grants available for programs and       

research in the qualified subjects in   
covered regions1 which may include      
grants to-- 7i7 promote the development 
of student skills at all levels1        
including-- 7,i7 primary and secondary  
school improvements that support        
education in technology and the         
qualified subjects2  7,,ii7 fellowships 
for undergraduate students to support   
education in technology and the         
qualified subjects2 and  7,,iii7        
post-graduate fellowship programs to    
support such graduate students working  
in technology and the qualified         
subjects2  7ii7 improve the ability of  
local institutions of higher education  
to carry out leading-edge research in   
technology and the qualified subjects1  
including-- 7,i7 hiring faculty in the  
relevant areas2  7,,ii7 laboratory      
construction and development2  7,,iii7  
developing and sponsoring programs to   
promote technological entrepreneurship  
among students 7in partnership with     
leading firms in the covered region72   

and  7,,iv7 developing partnerships with
 local businesses to facilitate the     
transition of students to the technology
 workforce2 and  7iii7 develop effective
 pathways for career advancement in     
technology that creates and reduces the 
costs of-- 7,i7 training programs for   
work in technology jobs2 and  7,,ii7    
apprenticeship programs in technology   
jobs2  7,c7 develop effective           
infrastructure to promote the creation  
of a technology center as described in  
the plan under paragraph 7#b77;,c72     
7,d7 improve access to capital for      
businesses in the covered region1       
including-- 7i7 supporting partnerships 
with venture capitalists in regions with
 developed technology centers in the    
,united ,states2 and  7ii7 providing    
matching funds for ,federal grants that 
support innovative businesses2  7,e7    
develop and implement a plan for        
improving education in the qualified    
subjects2  7,f7 develop and implement a 
plan for increasing employment          

opportunities in the covered region in  
which the local board is located1       
including-- 7i7 coordinating with the   
heads of businesses and institutions of 
higher education to support job         
placement in the covered region2 and    
7ii7 analyzing employment indicators    
with respect to high-wage job           
opportunities in the covered region of  
the local board to determine-- 7,i7     
areas that need development in such     
industries2 and  7,,ii7 ways such       
industries would benefit from the       
advancement of technology2  7,g7 analyze
 infrastructure in covered regions and  
provide policy recommendations to the   
,board with respect to inadequate       
infrastructure1 including data          
infrastructure2  7,h7 analyze the cost  
of housing1 zoning regulations1 and laws
 related to housing in the covered      
region of the local board and provide   
policy recommendations to ,state and    
local governments to ensure the cost of 
housing remains affordable as the hub   

established pursuant to subparagraph    
7,a7 increases research activities in   
such covered region2 and  7,i7 provide  
support for the development of          
technology1 including establishing      
partnerships with institutions of higher
 education4  7e7 ,gifts1 bequests1 and  
devises ,notwithstanding section #ccjb  
of title #ca1 ,united ,states ,code1 and
 without further appropriation1 the     
,board may accept1 use1 or dispose of   
gifts1 bequests1 or devises of services 
or property1 both real and personal1 for
 the purpose of aiding or facilitating  
the work of the ,institute4 ,gifts1     
bequests1 or devises of money and       
proceeds from sales of other property   
received as gifts1 bequests1 or devices 
shall be deposited in a private         
endowment for disbursement upon order of
 the ,board4  7f7 ,inspector ,general of
 the ,federal ,institute of ,technology 
,section #ab of the ,inspector ,general 
,act of #aigh 7,public ,law #ie-deb2 #e 
,u4,s4,c4 ,app47 is amended-- 7#a7 in   

paragraph 7#a71 by inserting the ,board 
of ,directors of the ,federal ,institute
 of ,technology2 after the ,tennessee   
,valley ,authority22 and  7#b7 in       
paragraph 7#b71 by inserting the        
,federal ,institute of ,technology1     
after the ,tennessee ,valley            
,authority14  7g7 ,reports  7#a7 ,local 
board report ,not later than #a year    
after the date of the enactment of this 
section1 and annually thereafter1 each  
local board shall submit to the ,board a
 report containing recommendations based
 on the activities of each such local   
board1 including recommendations for--  
7,a7 legislation that-- 7i7 supports    
research and education in the qualified 
subjects2  7ii7 increases employment    
opportunities related to the qualified  
subjects2  7iii7 addresses inadequate   
infrastructure in covered regions2 and  
7iv7 ensures the cost of housing is     
affordable in covered regions2  7,b7    
funding scientific development2 and     
7,c7 policy priorities with respect to  

supporting scientific development4  7#b7
 ,breakthrough science report ,not later
 than #a year after the date of the     
enactment of this section1 and annually 
thereafter1 the ,board shall submit to  
the ,president and ,congress a report   
known as the ,breakthrough ,science     
,report containing recommendations for--
 7,a7 legislation based on the          
activities of the ,institute2 and  7,b7 
policy priorities with respect to       
supporting scientific development1 which
 shall take the funding priorities of   
the private sector into account4  7#c7  
,national ,academy of ,sciences report  
,not later than #a year after the date  
of the enactment of this section1 and   
annually thereafter1 the ,national      
,academy of ,sciences shall submit to   
,congress a report on the activities of 
the local boards1 including an analysis 
of research activities for areas that   
did not receive grants from such local  
boards4  7#d7 ,authorization of         
appropriations2 use of amounts  7,a7    

,authorization of appropriations ,to    
carry out this section1 there is        
authorized to be appropriated to the    
,board-- 7i7 #fg1ejj1jjj1jjj for fiscal 
year #bjbb2  7ii7 #gb1ejj1jjj1jjj for   
fiscal year #bjbc2  7iii7               
#gg1ejj1jjj1jjj for fiscal year #bjbd2  
7iv7 #hb1ejj1jjj1jjj for fiscal year    
#bjbe2  7v7 #hg1ejj1jjj1jjj for fiscal  
year #bjbf2  7vi7 #ib1ejj1jjj1jjj for   
fiscal year #bjbg2  7vii7               
#ig1ejj1jjj1jjj for fiscal year #bjbh2  
7viii7 #ajb1ejj1jjj1jjj for fiscal year 
#bjbi2  7ix7 #ajg1ejj1jjj1jjj for fiscal
 year #bjcj2 and  7x7 #aab1ejj1jjj1jjj  
for fiscal year #bjca4  7,b7 ,use of    
amounts ,of the amounts made available  
to the ,board under subparagraph 7,a7 in
 each fiscal year to carry out this     
section not less than-- 7i7 #ab4e       
percent shall be used to provide funds  
to the ,department of ,energy2  7ii7    
#ab4e percent shall be used to provide  
funds to the ,national ,science         
,foundation2  7iii7 #ab4e percent shall 

be used to provide funds to the         
,national ,institutes of ,health2 and   
7iv7 #bj percent shall be used to       
provide funds to the local boards to    
carry out the duties under subsection   
7d77#c74  7,c7 ,definitions ,in this    
section3 7i7 ,certain technology sectors
 ,the term certain technology sectors   
means areas in technology that relate to
 the qualified subjects1 which may      
include the following3 7,i7 ,advanced   
manufacturing4  7,,ii7 ,artificial      
intelligence4  7,,iii7 ,biotechnology4  
7,,iv7 ,blockchain technology4  7,v7    
,climate science4  7,,vi7 ,computer     
science4  7,,vii7 ,cybersecurity4       
7,,viii7 ,material science4  7,,ix7     
,medical technology4  7,x7 ,synthetic   
,biology4  7,,xi7 ,telecommunications4  
7,,xii7 ,transportation technology4     
7,,xiii7 ,virtual reality and augmented 
reality4  7ii7 ,covered region ,the term
 covered region means a physical        
boundary identified by a local board and
 located near an institution of higher  

education4  7iii7 ,hub ,the term hub    
means a center for research in the      
qualified subjects4  7iv7 ,qualified    
subjects ,the term qualified subjects   
means mathematics and the physical1     
biological1 engineering1 social1 and    
chemical sciences4  #d4 ,preference for 
software produced in rural areas and    
minority majority areas  7a7 ,in general
 ,chapter #cc of title #da1 ,united     
,states ,code1 is amended by adding at  
the end the following3  #ccac4          
,preference for software produced in    
rural areas and minority majority areas 
,in awarding a contract for the         
procurement of software1 an agency shall
 provide a contracting preference to an 
offeror who demonstrates in the bid or  
proposal of that offeror that at least  
#aj percent of the production or        
development of the software offered in  
that bid or proposal occurred in or will
 occur in-- 7#a7 a rural area1 as that  
term is defined under section           
#cdc7;a77#ac7 of the ,consolidated ,farm

 and ,rural ,development ,act 7#g       
,u4,s4,c4 #aiia7;a77#ac772 or  7#b7 a   
zip code in which over #ej percent of   
the residents of such zip code are      
minorities1 as that term is defined     
under section #cfe of the ,higher       
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajfgk74  4  7b7 ,technical amendment   
,the table of sections at the beginning 
of chapter #cc of title #da1 ,united    
,states ,code1 is amended by inserting  
after the matter relating to section    
#ccab the following3  #ccac4 ,preference
 for software produced in rural areas   
and minority majority areas4  4  #e4    
,equal ,employment ,opportunity         
,commission rules required for employers
 to report information regarding        
employees ,the ,equal ,employment       
,opportunity ,commission shall-- 7#a7   
initiate a rulemaking proceeding1       
including notice and opportunity for    
public comment1 not later than #ij days 
after the date of the enactment of this 
section1 and  7#b7 issue rules not later

 than #ah months after the date of the  
enactment of this section1  to require  
employers to specify in the periodic    
employer information reports submitted  
to the ,commission by each such employer
 the number of individuals employed by  
the employer1 the number of individuals 
performing services billed hourly by    
head count or by team for the employer1 
the countries in which such respective  
individuals reside1 and all of the      
revenue generated by the employer in    
each such country4  #f4 ,amendment to   
the ,elementary and ,secondary          
,education ,act  7a7 ,in general        
,section #aaaa7;b77#a77;,c7 of the      
,elementary and ,secondary ,education   
,act of #aife 7#bj ,u4,s4,c4            
#fcaa7;b77#a77;,c77 is amended by       
striking and science and inserting      
science1 and computer science4  7b7     
,effective date ,not later than #e years
 after the date of the enactment of this
 section1 the amendment made by         
subsection 7a7 shall take effect4  7c7  

,report required ,not later than #c     
years after the date of the enactment of
 this section1 each ,state educational  
agency shall submit to the ,secretary a 
report on preparations made by local    
educational agencies within the ,state  
to implement academic standards for     
computer science as required under      
section #aaaa7;b77#a77;,c7 of the       
,elementary and ,secondary ,education   
,act of #aife 7#bj ,u4,s4,c4            
#fcaa7;b77#a77;,c771 as amended by      
subsection 7a74  #g4 ,computer ,science 
,education ,grants  7a7 ,in general ,not
 later than #a year after the date of   
the enactment of this section1 the      
,secretary of ,education 7referred to in
 this section as the ,secretary7 shall  
carry out a program known as the        
,computer ,science ,education ,grant    
,program 7referred to in this section as
 the ,program7 to make grants on a      
competitive basis to eligible entities  
to pay the ,federal share of the costs  
of training teachers and developing     

computer science curriculum 7which      
includes data analytics7 in accordance  
with subsection 7c74  7b7 ,applications 
,to be eligible to receive a grant under
 the ,program1 an eligible entity shall 
submit to the ,secretary an application 
at such time1 in such manner1 and       
containing such information as the      
,secretary may require4  7c7            
,requirement for uses of grant funds ,an
 eligible entity that receives a grant  
under the ,program shall use grant funds
 to-- 7#a7 create opportunities for     
licensed elementary school teachers to  
pursue and receive training in computer 
science for the purpose of incorporating
 computer science in the curriculum and 
educational material of such teacher2   
7#b7 create opportunities for licensed  
secondary school teachers to add        
computer science endorsements to the    
license of each such teacher and to     
provide computer science learning       
experiences that are age-appropriate2   
7#c7 provide assistance to ,states that 

do not have computer science standards  
for teachers or students to develop such
 standards and provide licenses and     
endorsements with respect to such       
standards2  7#d7 create opportunities   
for teacher candidates interested in    
computer science to complete a full-year
 residency program specialized in       
computer science2  7#e7 expand access   
for teachers and students to            
high-quality learning materials1        
including computer equipment and high   
speed network infrastructure that       
supports the study of computer science2 
7#f7 expand computer science education  
programs-- 7,a7 at public institutions  
of higher education2 and  7,b7 for the  
education of teachers2  7#g7 create and 
implement plans for expanding access to 
rigorous classes in science1 technology1
 engineering1 and math for              
underrepresented groups1 including      
minorities1 girls1 and youth from       
low-income families2 and  7#h7 ensure   
support and resources for students1     

which may include mentoring for students
 traditionally underrepresented in      
fields related to science1 technology1  
engineering1 and math4  7d7 ,priority   
,in awarding grants under this section1 
the ,secretary shall give priority to   
applicants that demonstrate greater need
 as determined by the ,secretary4  7e7  
,evaluation and report ,an eligible     
entity that receives a grant under the  
,program shall-- 7#a7 conduct an        
evaluation on the effects of the        
,program1 including any increase in the 
ability of teachers to teach computer   
science2 and  7#b7 submit to the        
,secretary a report on such evaluation4 
7f7 ,limitation on use of grant funds   
,an eligible entity that receives a     
grant under the ,program may not use    
more than #bj percent of the grant funds
 to purchase computer equipment and     
network infrastructure4  7g7 ,grant     
duration and amount  7#a7 ,duration     
,each grant under this section shall be 
made for a period of #e years4  7#b7    

,amount ,the ,secretary shall determine 
the maximum amount of each grant under  
this section4  7h7 ,federal share ,the  
,federal share of a grant under the     
,program shall not exceed #ij percent of
 the costs of carrying out the          
activities described in subsection 7c74 
7i7 ,supplement1 not supplant ,an       
eligible entity shall use a grant       
received under the ,program only to     
supplement funds that would1 in the     
absence of such grant1 be made available
 from other ,federal1 ,state1 or local  
sources for activities supported by the 
grant1 not to supplant such funds4  7j7 
,eligible entity defined ,the term      
eligible entity means-- 7#a7 a ,state   
educational agency2  7#b7 an institution
 of higher education2 and  7#c7 a local 
educational agency4  7k7 ,authorization 
of appropriations ,there is authorized  
to be appropriated to carry out this    
section #h1jjj1jjj1jjj for fiscal year  
#bjba4  #h4 ,smart ,students ,everywhere
 ,grants  7a7 ,eligible participants    

7#a7 ,in general ,section #dja;,a of the
 ,higher ,education ,act of #aife 7#bj  
,u4,s4,c4 #ajgj;a-#a7 is amended-- 7,a7 
in subsection 7a71 by inserting or      
graduate before education2  7,b7 in     
subsection 7b7-- 7i7 in paragraph 7#a71 
by striking and at the end2  7ii7 in    
paragraph 7#b71 by striking the period  
at the end and inserting 2 and2 and     
7iii7 by adding at the end the          
following3  7#c7 for the first through  
fourth year in a graduate program in    
science1 technology1 engineering1 or    
mathematics shall be known as a ,,smart 
,students ,everywhere ,grant4  2  7,c7  
by amending subsection 7c7 to read as   
follows3  7c7 ,definition of eligible   
student ,in this section1 the term      
eligible student means a student who--  
7#a7 either-- 7,a7 received a high      
school diploma from a high school       
located in a county that has a college  
graduation rate that is below the       
national average2 or  7,b7 is a minority
 student2 and  7#b7 for the award year  

for which the determination of          
eligibility is made for a grant under   
this section-- 7,a7 except with respect 
to a student described in clause        
7,c77vi71 is eligible for a ,federal    
,pell ,grant2  7,b7 is enrolled or      
accepted for enrollment in an           
institution of higher education on not  
less than a half-time basis2 and  7,c7  
in the case of a student enrolled or    
accepted for enrollment in-- 7i7 the    
first year of a program of undergraduate
 education at an institution of higher  
education 7including a program of not   
less than one year for which the        
institution awards a certificate7-- 7,i7
 has not been previously enrolled in a  
program of undergraduate education1     
except as part of a secondary school    
program of study2 and  7,,ii7 is        
certified by the institution of higher  
education as pursuing a major in the    
physical1 life1 or computer sciences1   
mathematics1 technology1 or engineering 
7as determined by the ,secretary        

pursuant to regulations72 or  7ii7 the  
second year of a program of             
undergraduate education at a two- or    
four-year degree-granting institution of
 higher education 7including a program  
of not less than two years for which the
 institution awards a certificate71 is  
certified by the institution of higher  
education as pursuing a major in a      
subject described in clause 7i77,,ii72  
7iii7 the third or fourth year of a     
program of undergraduate education at a 
four-year degree-granting institution of
 higher education1 is certified by the  
institution of higher education to be   
pursuing a major in a subject described 
in clause 7i77,,ii72  7iv7 the third or 
fourth year of a program of             
undergraduate education at an           
institution of higher education 7as     
defined in section #aja7;a771 if such   
institution of higher education         
demonstrates1 to the satisfaction of the
 ,secretary1 that-- 7,i7 such           
institution of higher education offers a

 single liberal arts curriculum leading 
to a baccalaureate degree1 under which  
students are not permitted by the       
institution to declare a major in a     
particular subject area1 and the        
student-- 7aa7 studies1 in such years1 a
 subject described in clause 7i77,,ii7  
that is at least equal to the           
requirements for an academic major at an
 institution of higher education that   
offers a baccalaureate degree in such   
subject1 as certified by an appropriate 
official from such institution2 or  7bb7
 is required1 as part of the student's  
degree program1 to undertake a course of
 study in a subject described in clause 
7i77,,ii7 which consists of at least--  
7,,aa7 #d years of study in mathematics2
 and 7,,bb7 #c years of study in the    
sciences1 with a laboratory component in
 each of those years2 and  7,,ii7 such  
institution offered such curriculum     
prior to ,february #h1 #bjjf2  7v7 the  
fifth year of a program of undergraduate
 education that requires #e full years  

of coursework1 as certified by the      
appropriate official of the             
degree-granting institution of higher   
education1 for which a baccalaureate    
degree is awarded by a degree-granting  
institution of higher education1 is     
certified by such institution of higher 
education to be pursuing a major in a   
subject described in clause 7i77,,ii72  
or  7vi7 the first through fourth year  
of a graduate program at an institution 
of higher education1 is certified by    
such institution of higher education to 
be pursuing a graduate degree 7including
 a program of not less than two years   
for which the institution awards a      
certificate7 in a subject described in  
clause 7i77,,ii74  2  7,d7 in subsection
 7d7-- 7i7 in paragraph 7#a7-- 7,i7 by  
amending subparagraph 7,a7 to read as   
follows3  7,a7 ,in general ,the         
,secretary shall award a grant under    
this section in the amount of-- 7i7     
#aj1jjj for an eligible student under   
clause 7i7 through 7v7 of subsection    

7c77#b77;,c72 and  7ii7 #bj1jjj for an  
eligible student under clause 7vi7 of   
subsection 7c77#b77;,c74  2  7,,ii7 in  
subparagraph 7,b77i71 by striking a     
student and inserting an undergraduate  
student2 and  7,,iii7 by adding at the  
end the following3  7,c7 ,reduction for 
less than full-time graduate students   
,notwithstanding subparagraph 7,a71 in  
any case in which a graduate that       
attends an institution of higher        
education on less than a full-time      
basis1 the amount of the grant that such
 a student may receive shall be reduced 
in proportion to the degree to which    
such student is not so attending on a   
full-time basis4  2  7ii7 in paragraph  
7#b7-- 7,i7 in subparagraph 7,a71 by    
inserting or graduate after             
undergraduate2 and  7,,ii7 in           
subparagraph 7,b71 by striking          
subsection 7c77#c7 and inserting        
subsection 7c77#b77;,c72 and  7iii7 in  
paragraph 7#c71 by inserting to an      
undergraduate student before in the same

 manner2 and  7,e7 by striking          
subsections 7e71 7f71 and 7g7 and       
inserting the following3  7e7 ,report to
 ,secretary ,an institution of higher   
education shall submit to the ,secretary
 a report on the students who receive a 
grant under this section1 including data
 disaggregated with respect to the      
degree being pursued by such students   
and 7if applicable7 the earnings of such
 students4  7f7 ,funding  7#a7          
,authorization of appropriations ,there 
is authorized to be appropriated to the 
,secretary of ,education to carry out   
this section #e1jjj1jjj1jjj for fiscal  
year #bjbj and each fiscal year         
thereafter4  7#b7 ,availability of funds
 ,the amounts made available by         
paragraph 7#a7 for any fiscal year shall
 be available from ,october #a of that  
fiscal year and remain available through
 ,september #cj of the succeeding fiscal
 year4  7#c7 ,technical assistance  7,a7
 ,in general ,of the amounts            
appropriated for a fiscal year under    

paragraph 7#a71 the ,secretary may use  
#a percent to carry out technical       
assistance in such fiscal year to       
institutions of higher education to     
assist such institutions of higher      
education in carrying out ,,smart       
,students ,everywhere ,grants4  7,b7    
,application ,this paragraph shall only 
apply to the first #c years after the   
date of the enactment of this paragraph 
in which-- 7i7 amounts are appropriated 
under paragraph 7#a72 and  7ii7 ,,smart 
,students ,everywhere ,grants are       
awarded under this section4  4  7#b7    
,effective date ,the amendments made by 
this subsection shall take effect on the
 date that is #a year after the date of 
the enactment of this section4  7b7 ,tax
 credit for first-,year wages of        
qualified recipients of a ,,smart grant 
7#a7 ,in general ,section #ea7;d77#a7 of
 the ,internal ,revenue ,code of #aihf  
is amended by striking or at the end of 
subparagraph 7,i71 by striking the      
period at the end of subparagraph 7,j7  

and inserting a comma1 and by adding at 
the end the following new subparagraph3 
7,k7 a qualified recipient of a ,,smart 
grant4  4  7#b7 ,definitions and special
 rules ,section #ea7;d7 of the ,internal
 ,revenue ,code of #aihf is amended by  
adding at the end the following new     
paragraph3  7#af7 ,qualified recipient  
of a ,,smart grant  7,a7 ,in general    
,the term qualified recipient of a      
,,smart grant means any individual who  
is certified by the designated local    
agency as a recipient of a ,,smart      
,students ,everywhere ,grant pursuant to
 ,section #dja;,a of the ,higher        
,education ,act of #aife 7#bj ,u4,s4,c4 
#ajgj;a-#a7 during the #a-year period   
ending on the hiring date4  7,b7        
,special rules for determining amount of
 credit ,for purposes of applying this  
subpart to any qualified recipient of a 
,,smart grant-- 7i7 subsection 7a7 shall
 be applied by substituting #e percent  
7#aj percent in the case of any         
specified recipient of a ,,smart grant7 

for #dj percent1 and  7ii7 subsection   
7b77#c7 shall be applied by substituting
 #ej1jjj for #f1jjj and all that follows
 in such subsection4  7,c7 ,aggregate   
credit dollar limitation per employer   
7i7 ,limitation with respect to         
qualified recipients of a ,,smart grant 
,the aggregate credit determined under  
subsection 7a7 with respect to qualified
 recipients of a ,,smart grant 7other   
than specified recipients of a ,,smart  
grant7 shall not exceed #aj1jjj for any 
taxable year of the taxpayer4  7ii7     
,limitation with respect to specified   
recipients of a ,,smart grant ,the      
aggregate credit determined under       
subsection 7a7 with respect to specified
 recipients of a ,,smart grant shall not
 exceed #bj1jjj for any taxable year of 
the taxpayer4  7,d7 ,specified recipient
 of a ,,smart grant ,for purposes of    
this paragraph-- 7i7 ,in general ,the   
term specified recipient of a ,,smart   
grant means any qualified recipient of a
 ,,smart grant who is certified by the  

designated local agency as a veteran 7as
 defined in paragraph 7#c77;,b771 a     
minority1 or employed in a designated   
county4  7ii7 ,designated county ,in    
this paragraph1 the term designated     
county means a county that has a college
 graduation rate that is below the      
national average4  7iii7 ,minority ,in  
this paragraph1 the term minority has   
the meaning given the term under section
 #cfe of the ,higher ,education ,act of 
#aife 7#bj ,u4,s4,c4 #ajfgk74  4  7#c7  
,effective date ,the amendments made by 
this subsection shall apply to          
individuals who begin work for the      
employer after the date of the enactment
 of this section4  #i4 ,definitions ,in 
this ,act3 7#a7 ,elementary and         
,secondary ,education ,act terms ,the   
terms institution of higher             
education1local educational agency1 and 
,state educational agency have the      
meaning given the terms under section   
#haja of the ,elementary and ,secondary 
,education ,act of #aife 7#bj ,u4,s4,c4 

#ghja74  7#b7 ,secondary and elementary 
school ,the terms secondary school and  
elementary school have the meanings     
given the terms under section #haja of  
the ,elementary and ,secondary          
,education ,act of #aife 7#bj ,u4,s4,c4 
#ghja74